Latest Briefings

EU-US Privacy Shield for data transfers ruled as invalid

The Office of the Data Protection Authority in Guernsey (ODPA) has warned companies in the Bailiwick to be aware of the recent Court of Justice of the European Union (CJEU) judgment which affects all businesses who transfer personal data outside of the Bailiwick and the European Union (EU).

Recognition and Assistance for PRC Insolvency in Hong Kong

Synopsis A recent case in Hong Kong, has demonstrated both the ability and willingness of common law courts to recognise insolvency appointments made by the courts of the People’s Republic of China (‘PRC’), and to grant appropriate assistance at common law. It is to be hoped that this proven track record will pave the way for easier recognition of common law court appointed liquidators in PRC, where, unlike in common law countries, such recognition is subject to the principle of reciprocity.

New LCIA Arbitration Rules: In force on 1 October 2020

The London Court of International Arbitration (LCIA) recently released its updated arbitration rules (the “2020 Rules”) which will come into force from 1 October 2020 and will apply to any arbitration commenced under the auspices of the LCIA on or after this date. The 2020 Rules, in the LCIA’s own words, aim to make the arbitral processes “even more streamlined and clear” for arbitrators and parties alike. We summarise nine key changes and one omission.

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Cadwalader’s London revenue falls for second consecutive year

Cadwalader Wickersham & Taft’s London revenue has shrunk for the second year in a row, with the City office’s billings overshadowed by the firm’s overall global growth. The firm reported $41.3m in turnover for its British outpost in 2019, a 4 per cent decrease in its revenues from $43.1m. Over 2018, financials also took a […]

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Clifford Chance sets ambitious turnover target for digital unit

Clifford Chance has set a target for its digital products unit Applied Solutions, just over halfway into its first financial year as a revenue-making business. The Lawyer understands that Clifford Chance wants to make £600,000 from the unit this year. Applied Solution is a separate venture and was launched in July 2018 as one of three […]

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